Choosing a Myrtle Beach Condo – What You Need To Know Before You Buy
Myrtle Beach, South Carolina, with miles of wide sandy beaches, more than 90 championship golf courses, many 5 star restaurants, several live theatres, and enough shopping to make you drop, has been a favorite vacation destination for more than 50 years. While there is no question that Myrtle Beach, and all the Grand Strand, is a wonderful place to vacation… it’s an even better place to call home! Our cost of living is low; our lifestyle relaxed and friendly. If it’s time to purchase a Myrtle Beach condo of your own, here are a few things to keep in mind to ensure that your property will suit your lifestyle and let you enjoy all the activities you love.
Currently there are more than 3,000 condominiums for sale in the Myrtle Beach area which means that there is a diverse range of pricing and amenities available to you as a potential buyer. As with any home purchase, it’s important to figure out exactly what you want and need in a home to make smart decisions.
1. How will you use the property? Will it be your primary residence, kept as a second home, or are you interested in using it as rental property?
2. What type of location do you want? Ocean front? On a golf course? Marina accessible? In the middle of it all or slightly off the beaten path? Take into consideration how you will use the property and then determine exactly what you want – this may be an easier decision for your primary or vacation home than it is for a rental property.
3. What type of condo do you want? Do you want a condo in a high rise or one in a smaller complex? A condotel or a condominium? How many bedrooms will you need? Two bedrooms may be enough for your family normally, but will you want extra room available for guests? If this is going to be a rental property you’ll want to think like a prospective renter.
Related article: Condotel or Condominium – What’s The Difference?
4. Don’t forget the additional fees. Condos have monthly fees for upkeep of the common property, however, because you actually own your condo, you can also take advantage of tax deductions such as the interest on your mortgage.